An influx of larger merchants helped drive first-quarter payment volume for Square Inc., while on the consumer side the company’s Cash App benefited from a runup in value for Bitcoin as well as increasing adoption by business users. Sellers’ gross payment volume totaled $29.8 billion in the quarter, up 21% …

It’s May, and that means it’s time for our annual exercise to seek out and describe the nonbank players, apart from the big networks, that are rewriting the rules for the digital exchange of value. Since 2004, Digital Transactions has traced the course of payments innovation through its nimblest practitioners—the …

Phishing attacks are nothing new, but their frequency has been on the rise the past year for one simple reason: they work. How can they be defeated? There are numerous ways criminals can breach a company’s network. Yet one of the most time-tested and popular forms of attack remains phishing. …

Payment integrations are helping ISOs maximize revenue and enhance the customer experience  By: Oscar Lopez, Director of Sales, Strategic Partnerships, First American Payment Systems  Independent Sales Organizations are focusing more and more on payments integration, and for good reason. Accelerated by the pandemic and consumer demand, card not present payments …

Just over a year after transaction volume in many merchant segments flatlined due to the economic turmoil caused by the Covid-19 pandemic, activity is showing a steadily strengthening pulse, according to data released Thursday by Shift4 Payments Inc. In March, Shift4’s end-to-end transaction volume totaled $3.3 billion, up 40% from …

Launched in 1989, Digicash introduced the first cryptocurrency. In the 1990s, it was considered leading-edge payments technology. But physical and digital currencies are payment networks. In payment systems, good technology is neither sufficient nor generally the biggest hurdle. No matter how good the technology, without critical mass they’re worth little.  …

Payments provider Priority Technology Holdings Inc. announced it has agreed to acquire Finxera Holdings Inc., a provider of banking-as-a-service technology. Terms were not announced for the transaction, which is expected to close in the third quarter.Mastercard Inc. said it is expanding its Engage platform to digital first deployment, assistance and training through the …

Thirteen months ago, processors were on cruise control when it came to servicing merchants. Then, the pandemic struck and upended their business model. How have they adapted to the new normal? For payment processors, the past 12 months have given a whole new meaning to the phrase “dynamic industry.” The …

There has now been a year of pandemic, but also of regulation, litigation, and malfeasance in the payments business. What’s going on, and has anything really changed? Like everyone else in the “Time of Covid,” the people of payments woke up just about every day last year wondering what new …

Payments provider Klarna AB has entered the cryptocurrency market with an agreement with Swedish crypto broker Safello, which is launching Klarna Open Banking to allow 180,000 Safello users to buy digital currencies directly from their bank accounts.Mastercard Inc. and payments provider Island Pay have collaborated with the central bank of the Bahamas to …